Camden Property Trust - CPT STOCK NEWS

Camden Property Trust (NYSE:CPT) has announced its schedule for fourth quarter 2024 earnings release and conference call. The company will release its earnings after market close on Thursday, February 6, 2025, followed by a management-hosted conference call on Friday, February 7, 2025, at 10:00 AM Central Time.

Camden Property Trust, an S&P 500 Company, currently owns and operates 172 properties with 58,250 apartment homes across the United States. Upon completion of 5 properties under development, the portfolio will expand to 59,996 apartment homes in 177 properties.

Camden Property Trust (NYSE:CPT) has reported that its Los Angeles apartment communities remain undamaged by recent wildfires. The company has announced several initiatives to assist those affected by the disaster, including:

- Waiving application fees
- Offering flexible lease terms
- Freezing new lease rates at local communities
- Mobilizing Camden Cares across California to collect essential items for wildfire victims

CEO Richard J. Campo emphasized the company's commitment to prioritizing resident and team member safety while supporting neighbors impacted by this event, continuing their practice of providing assistance during natural disasters in their operating regions.

Camden Property Trust (NYSE:CPT) has issued a response to the Department of Justice's amended complaint, which added Camden and others as defendants alongside RealPage. The company strongly disagrees with the allegations and plans to seek dismissal of the claims.

The company emphasizes its actions during the COVID-19 pandemic, including: not increasing renewal rates, waiving late fees, freezing evictions, and providing over $10 million in direct cash assistance to residents before any government aid was available.

Camden attributes rental rate changes primarily to government regulations that limit housing supply, stating that restricted supply leads to increased rents. The company expresses its commitment to expanding the nation's housing supply.

Camden Property Trust (NYSE:CPT) has declared a fourth quarter cash dividend of $1.03 per share for shareholders of record as of December 18, 2024, payable on January 17, 2025. The company, an S&P 500 member, currently owns and operates 172 properties with 58,250 apartment homes across the United States. Upon completion of 5 properties under development, Camden's portfolio will expand to 59,996 apartment homes across 177 properties.

Camden Property Trust (NYSE:CPT) reported its Q3 2024 financial results, showing mixed performance. The company's Core FFO was $1.71 per share, exceeding guidance by $0.03, while EPS declined to ($0.04) from $0.44 year-over-year. Same-property revenues grew 0.6% year-over-year, but NOI remained flat. The company recorded $41.0 million in impairment charges related to four canceled predevelopment projects. Occupancy remained stable at 95.5%, while signed blended lease rates showed a slight increase of 0.1% in Q3. Camden updated its 2024 guidance, maintaining NOI growth projection at 0.75% while adjusting Core FFO guidance to $6.79-$6.83 per share.

Camden Property Trust (NYSE:CPT) has reported only minor damage to its apartment communities in the southeastern United States following Hurricanes Helene and Milton. The company has stated that these are preliminary reports and will provide additional information or updates if there are any material changes to the situation.

This update serves to inform investors and stakeholders about the current status of Camden's properties in the affected areas. The company's proactive communication demonstrates its commitment to transparency and timely disclosure of information that may impact its operations or assets.

3V Infrastructure, an EV charging infrastructure investor and operator, has announced a partnership with Camden Property Trust (NYSE: CPT), a leading multifamily residential operator. This collaboration aims to deploy EV charging stations across Camden's property portfolio, addressing the growing demand for accessible charging solutions in multifamily housing.

Key points:

• 3V will install, own, operate, and maintain Level 2 EV charging stations at Camden communities at no cost to Camden.
• Initial installations will occur in Austin, TX; Charlotte, NC; Phoenix, AZ; and various locations in California, with plans for nationwide expansion.
• Camden has chosen Loop Global as the charging hardware and software provider for the first phase of projects.
• This initiative responds to the fact that while 31% of U.S. housing is multifamily, fewer than 5% of rental communities currently offer onsite chargers.

Camden Property Trust (NYSE:CPT) has announced the release date for its third quarter 2024 earnings. The earnings will be released after market close on Thursday, October 31, 2024. A conference call will be held the following day, Friday, November 1, 2024, at 10:00 AM Central Time.

The company encourages interested parties to join via webcast to view associated videos and slide presentations. Dial-in options are available for accredited analysts and investors. A conference call replay will be accessible until November 15, 2024.

Camden Property Trust is an S&P 500 Company specializing in multifamily apartment communities. It currently owns and operates 172 properties with 58,250 apartment homes across the United States. Upon completion of 5 properties under development, the portfolio will expand to 59,996 apartment homes in 177 properties.

Camden Property Trust (NYSE:CPT) has announced a third quarter cash dividend of $1.03 per share for holders of record as of September 30, 2024. The dividend will be paid on October 17, 2024. Camden, an S&P 500 Company, is a real estate firm focused on multifamily apartment communities. The company currently owns and operates 172 properties with 58,250 apartment homes across the United States. Upon completion of 5 properties under development, Camden's portfolio will expand to 59,996 apartment homes in 177 properties. Notably, Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 17 consecutive years, most recently ranking #24.